Thai Airlines to Seek $491 Million Government Bailout, Post Says

by Bloomberg Mar 28, 2020

Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported.

The airlines have jointly agreed to seek help, the newspaper said, citing Tassapon Bijleveld, executive chairman of Asia Aviation Pcl, the largest shareholder of Thai AirAsia.

The seven carriers are Thai AirAsia, Thai Lion Air, Nok Air, Bangkok Airways, Thai Smile, Thai VietjetAir and Thai AirAsia X. As in other countries, airlines in Thailand have made drastic cuts to services to survive the impact of the novel coronavirus outbreak.

Bloomberg

{afn_job_title}

Similar Stories

https://www.ajot.com/images/uploads/article/Wizz_Air.png

CPaT partners with Wizz Air, Europe’s leading ultra-low-cost airline, to enhance aviation training

View Article

https://www.ajot.com/images/uploads/article/Photo-2_YQB-TQO.jpg

Air Transat takes off to Tulum from Montreal and Quebec City

View Article

https://www.ajot.com/images/uploads/article/KLM.jpg

Air France KLM Martinair Cargo achieves record online sales and accelerates commercial transformation

View Article

[Freightos Weekly Update] Frontloading continues to put pressure on transpacific rates

Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December as frontloading ahead of expected tariffs is keeping vessels full.

View Article

https://www.ajot.com/images/uploads/article/American_Airlines_Plane_1.jpg

American Airlines becomes only carrier to fly nonstop between Washington, D.C., and San Antonio

View Article

Open Skies agreement with the Dominican Republic enters into force

The U.S.-Dominican Republic Air Transport Agreement entered into force on December 19. This bilateral agreement establishes a modern civil aviation relationship with the Dominican Republic consistent with U.S. Open Skies…

View Article